Binance Token (BNB)

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What is Binance Coin (BNB)?

Binance Coin (BNB) is the native utility token used by Binance, the world’s largest cryptocurrency exchange. BNB was released through an initial coin offering (ICO) before Binance’s launch in 2017. Despite the connection with Binance Exchange, BNB is not a direct investment in the platform. Instead, it offers users a way to interact with the various services provided on Binance and the decentralized applications (dapps) on its network.

What is BNB used for?

BNB serves many functions on the Binance exchange. It’s used to pay for trading and transaction fees, pay for goods and services, provide exchange liquidity, and participate in token sales. It also has various uses for the many dapps on the Binance Smart Chain.

How do I buy BNB?

It’s easy to buy Binance Coin in Australia by joining a trusted trading platform like Coinstash. Simply create your account and verify your personal details. Then, deposit some funds and purchase BNB. It’s as simple as that!

Learn how to sell Binance Coin.

Why should I trade Binance Coin with Coinstash?

Coinstash AU is one of the highest-rated crypto platforms in Australia. Since 2017, we’ve been a one-stop crypto solution for thousands of customers.

People love our great customer support, easy-to-use interface, industry-leading security, and other innovative features. We’re also an AUSTRAC registered exchange and have an AFSL license so that you can trade with confidence.

Ready to start trading Binance Coin (BNB)? Create your Coinstash account in minutes!